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QUESTION
You purchase a bond with an invoice price of $1,043. The bond has a coupon rate of 6.8 percent, semiannual coupons, and there are five months to the...
You purchase a bond with an invoice price of $1,043. The bond has a coupon rate of 6.8 percent, semiannual coupons, and there are five months to the next coupon date. What is the clean price of the bond?
